Turkey eyes risky energy partnership with Algeria
Turkey’s plan for joint oil and gas exploration with Algeria raises the specter of operational and financial challenges for a country already under economic strain, experts say.
Amid controversy over its role in North Africa, Turkey has reached an agreement for joint oil and gas exploration with energy-rich Algeria. Still, questions linger over the viability of such a venture.
Speaking after talks in Algiers on Nov. 10, Energy Minister Fatih Donmez said that Turkey’s state-run petroleum company TP and its Algerian counterpart, Sonatrach, would set up a joint company for oil and gas exploration in Algeria and other regional countries.
